DISCA - Discovery, Inc.

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
-0.44 (-1.65%)
At close: 4:00PM EDT
Stock chart is not supported by your current browser
Previous Close26.67
Bid26.23 x 3100
Ask26.24 x 4000
Day's Range26.22 - 26.83
52 Week Range23.79 - 34.89
Avg. Volume3,867,790
Market Cap13.495B
Beta (3Y Monthly)1.37
PE Ratio (TTM)12.72
EPS (TTM)2.06
Earnings DateAug 5, 2019 - Aug 9, 2019
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est34.68
Trade prices are not sourced from all markets
  • 3 Big Stock Charts for Wednesday: Global Payments, Discovery and Valero Energy

    3 Big Stock Charts for Wednesday: Global Payments, Discovery and Valero Energy

    After a lethargic start, some encouraging commentary on the future of international trade lifted stocks out of the doldrums on Tuesday. The S&P 500 ended the day at 3,005.7, up 0.26%, though the gain was made on light volume.Source: Shutterstock Snap (NYSE:SNAP) was one of the key drivers of that progress. The Snapchat parent's stock jumped nearly 7% after Susquehanna analyst Shyam Patil upped his stance on the company from "Negative" to "Neutral." A much bigger Corning (NYSE:GLW), however, was one of the key reasons the broad market didn't fare better. Shares of the industrial tech outfit fell more than 6% after lowering its sales guidance for the quarter now underway. * 10 Recession-Resistant Services Stocks to Buy As for the names worth a closer look headed into Wednesday's session, however, the stock charts of Global Payments (NYSE:GPN), Valero Energy (NYSE:VLO) and Discovery (NASDAQ:DISCA) stand out. Here's what's most interesting about each.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Discovery (DISCA)With nothing more than just a quick glance, Discovery shares look like they're trapped in a choppy, sideways range. And, perhaps that's all it is. A more critical and longer-term look at the action that has taken shape over the course of the past couple of years, however, suggests DISCA stock is alarmingly vulnerable to more downside. It just needs one more good nudge to push it over the edge of that cliff. * Click to EnlargeIt's subtle, but it's too reliable to ignore now. That is, the 200-day moving average line plotted in white on both stock charts has been a key support and resistance level. Last week, it was major resistance. * Zooming out to the weekly chart we can see a glimpse of a head-and-shoulder pattern, with a neckline that was broken in the middle of last month. Once the neckline is broken, the stock in question should theoretically fall the same distance between the neckline and the top of the head. * The last bastion of hope for the bulls is that the recent floor around $26.16, plotted in yellow on the daily chart, continues to hold up as support. Global Payments (GPN)It was news that sparked the volatility in shares of Global Payments yesterday. The European Union has given permission to the payments middleman to acquire Total System Services (NYSE:TSS). As such, some traders expect Tuesday's volatility will have passed by Wednesday. And, perhaps it will.Sometimes, however, it's news that triggers a pent-up technical move that's simply waiting on the right catalyst. If that's the case here for GPN, traders may want to brace for a sizeable pullback. * 7 Stocks the Insiders Are Buying on Sale * Click to EnlargeThe shape of the bar itself is key. Despite a decent start and an early move to a big gain, by the time the closing bell rang, the stock was below Monday's low. This "outside day" reversal suggests a sweeping change of heart often seen at major pivot points. * Yesterday's volume spike also suggests a transition from a net-buying to a net-selling environment. * The weekly chart's RSI line illustrates just how overbought Global Payments was, and still is. That same chart also underscores how important the 100-day moving average line, marked in gray on both stock charts, is as a technical floor. Valero Energy (VLO)Finally, topping with an energy stock right now can be a tricky game. Aside from being something of a political pawn and clearly subject to even threats of disruption, the true depth of global demand is fuzzy as the world works towards alternative energy sources.To the extent one can trust the chart of any oil and gas name at this time though, Valero Energy is dropping some interesting hints. One more bullish "oomph" could get shares up and over a recently developed hurdle and start a major recovery of last year's major meltdown. * Click to EnlargeThe hurdle in question is the line that connects all the recent peaks since the beginning of July, marked in red on both stock charts. * Fueling the range-bound action that set up this consolidation is a floor that not only connects the key lows since late last year, but extends back to early 2018. It's marked in yellow on both stock charts. * Tilting the scales in a bullish direction is the way the moving average lines have converged after a wide divergence. If history repeats itself, they'll start to diverge again, starting with the purple 50-day moving average line's cross above the white 200-day line … a so-called "golden cross" that often portends prolonged bullishness.As of this writing, James Brumley did not hold a position in any of the aforementioned securities. You can learn more about James at his site, jamesbrumley.com, or follow him on Twitter, at @jbrumley. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Momentum Stocks to Buy On the Dip * 7 Dow Titans Breaking Higher * 5 Growth Stocks to Sell as Rates Move Higher The post 3 Big Stock Charts for Wednesday: Global Payments, Discovery and Valero Energy appeared first on InvestorPlace.

  • Moody's

    J.P. Morgan Chase Commercial Mortgage Securities Corp. Series 2005-CIBC12 -- Moody's upgrades one, affirms one and downgrades one class of JPMCC 2005-CIBC12

    Moody's rating action reflects a base expected loss of 3.7% of the current pooled balance, compared to 47.5% at Moody's last review. Exceptions to this approach exist for the following disclosures, if applicable to jurisdiction: Ancillary Services, Disclosure to rated entity, Disclosure from rated entity.

  • Moody's

    DLG Acquisitions Limited -- Moody's announces completion of a periodic review of ratings of DLG Acquisitions Limited

    Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of DLG Acquisitions Limited and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.

  • Bloomberg

    Mock Tornado Alert on CBS’s ‘Young Sheldon’ Draws Proposed Fine

    (Bloomberg) -- The hit CBS Corp. comedy “Young Sheldon” about a child genius, wasn’t so smart when it came to a mock tornado warning, according to the Federal Communications Commission.Even modified, the tornado warning sounded too much like the Emergency Alert System, which is a violation of agency rules, the agency said. It’s proposing a $272,000 fine for the network’s April 12, 2018, episode, according to a notice on the FCC website. CBS will get a chance to respond before any fine is imposed.The FCC is cracking down on what it says are potentially dangerous uses of the emergency alerts in television shows. The alerts are used to warn the public about emergency events like dangerous weather. Using them in television shows could confuse listeners and is a “serious public safety concern,” the agency said.Last month, the FCC lobbed a $395,000 penalty against ABC over the use of an alert during a comedy sketch on “Jimmy Kimmel Live!,” $68,000 against Discovery Communications Inc. for an Animal Planet episode and $104,000 against AMC Networks Inc. for two episodes of “The Walking Dead.”The “Young Sheldon” episode aired on 227 television stations, including 15 owned and operated by CBS, according to the FCC. The show is a crossover of “The Big Bang Theory,” telling about the childhood of “Big Bang” character Sheldon Cooper.To contact the reporter on this story: Susan Decker in Washington at sdecker1@bloomberg.netTo contact the editors responsible for this story: Jon Morgan at jmorgan97@bloomberg.net, Wendy BenjaminsonFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Roku Stock Looks Poised to Be Acquired

    Roku Stock Looks Poised to Be Acquired

    I am not always right, and I almost never recommend momentum stocks.Source: AhmadDanialZulhilmi / Shutterstock.com But when I called Roku (NASDAQ:ROKU) an "interesting speculative play" in June 2018, I was underestimating myself.If you grabbed some shares at that time, you've hit a home run. At that point, ROKU stock price was about $40. Now trading around $170, Roku stock has a market cap of $17.6 billion. That's more than Discovery Networks (NASDAQ:DISCA), and more than CBS (NYSE:CBS).InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 Industrial Stocks to Buy for a Strong U.S. Economy What's going on is consumers are shutting down their cable and rushing to embrace streaming, a.k.a, "Netflix (NASDAQ:NFLX) and chill." Roku's streaming stick, which is at the heart of its TV offerings, is a gatekeeper to this new world. Buy one, plug it into your WiFi, and you can buy all the entertainment you could ever wish for. Don't Look at NumbersIf you're the kind of investor who looks at numbers, however, ROKU made no sense even when I first recommended it.Roku's most recent earnings report, delivered July 17, showed a loss of $10 million on revenue of $250 million. Its revenue was up 59% year-over-year. Its active account total jumped 39%. Revenue from advertising and services, which it calls "platform revenue," was up a staggering 86%.Still, why would investors pay 20 times revenue for Roku stock? For the same reason former Microsoft (NASDAQ:MSFT) CEO Steve Ballmer paid $2 billion for the Los Angeles Clippers. Rarity.The Clippers are one of two NBA franchises in Los Angeles, the nation's largest market. ROKU is now the largest streaming stick provider, with 39% of the market. Amazon.com (NASDAQ:AMZN) has 30% of the sector. Mighty Alphabet (NASDAQ:GOOGL) and Apple (NASDAQ:AAPL) have been left behind, and the market is maturing rapidly. A Takeover of Roku LoomsRoku's strength is based on its independence, but even at its present valuation, ROKU is no position to resist a determined acquirer.Roku's success makes Comcast (NASDAQ:CMCSA) and Charter (NASDAQ:CHTR) irrelevant to their customers. It has left most of the Cloud Czars in the dust. Investors who buy the shares, at any price, suddenly become a gatekeeper to entertainment for a generation. That's the argument analysts at Market Realist are selling, comparing Roku directly to Netflix.The comparison sounds valid. ROKU is now roughly where Netflix was 4 years ago, just about to make its turn toward international growth. It doesn't yet break out international numbers, but its ambitions are obvious. ROKU collects data directly from consumers, which drives its choices on what to offer through its own, ad-supported Roku channel.On the other hand, streaming is an easy hack. As Roku's own shareholder letter notes, anyone can easily stream from a game machine like the Microsoft Xbox or the Sony (NYSE:SNE) PlayStation. There are tens of millions of such devices in consumers' living rooms. Apple, Google and Amazon are all out there, along with Tizen, an open-source project backed by Samsung (OTCMKTS:SSNLF) and Intel (NASDAQ:INTC).ROKU is not Netflix. It does not have nearly the control over future streaming that Netflix has.But it is in a very powerful position. It's sitting at a poker table with 19 chips, next to players who have hundreds of them, and it has a hand with four aces.Roku probably has a year or two to cash in its chips, maybe to one of its cable rivals, maybe to Disney (NYSE:DIS), maybe to one of the Cloud Czars. They're all facing a build-or-buy decision, but when one (or more) decides to spend whatever it takes to take out ROKU, watch out.Today's investors are betting that it knows when to cash in.Dana Blankenhorn is a financial and technology journalist. He is the author of the environmental story, Bridget O'Flynn and the Bear, available at the Amazon Kindle store. Write him at danablankenhorn@gmail.com or follow him on Twitter at @danablankenhorn. As of this writing he owned shares in AAPL, MSFT and AMZN. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 3 Artificial Intelligence Stocks to Buy * 7 Industrial Stocks to Buy for a Strong U.S. Economy * 3 Beaten-Down Bank Stocks to Buy and Hold for the Long Term The post Roku Stock Looks Poised to Be Acquired appeared first on InvestorPlace.

  • Broadcast Radio and Television Industry Near-Term Outlook Dim

    Broadcast Radio and Television Industry Near-Term Outlook Dim

    Broadcast Radio and Television Industry Near-Term Outlook Dim

  • Why Is Discovery (DISCA) Down 9.4% Since Last Earnings Report?

    Why Is Discovery (DISCA) Down 9.4% Since Last Earnings Report?

    Discovery (DISCA) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.

  • Tech companies are trying to disrupt banks, and banks are ready
    Yahoo Finance

    Tech companies are trying to disrupt banks, and banks are ready

    Big banks are well defended against disruption by tech companies and startups, which are al going after a lucrative market.

  • PR Newswire

    Discovery Executives to Present at Upcoming Investor Conferences

    SILVER SPRING, Md. , Aug. 28, 2019 /PRNewswire/ -- Discovery (Nasdaq: DISCA, DISCB, DISCK) announced today that President and CEO David Zaslav and CFO Gunnar Wiedenfels will present at separate investor ...

  • 2 Insanely Cheap Media Stocks to Buy Right Now
    Motley Fool

    2 Insanely Cheap Media Stocks to Buy Right Now

    Despite top-notch leadership and solid results, these “old media” companies trade at single-digit P/E ratios.

  • 2 Top Entertainment Stocks to Buy Now
    Motley Fool

    2 Top Entertainment Stocks to Buy Now

    Investors can pad their returns with these powerhouse companies.

  • GuruFocus.com

    Article removed

    This article has been removed.  Continue reading...

  • Discovery, Inc. Partners with Gamut to Bring Lifestyle Packages to OTT
    PR Newswire

    Discovery, Inc. Partners with Gamut to Bring Lifestyle Packages to OTT

    As OTT media consumption expands, Gamut is positioned to meet marketplace demand NEW YORK , Aug. 14, 2019 /PRNewswire/ -- Gamut, the leader in premium OTT advertising, has announced a partnership with ...

  • ViacomCBS is just the beginning of Shari Redstone's media deals

    ViacomCBS is just the beginning of Shari Redstone's media deals

    More than two months before CBS Corp and Viacom Inc succeeded at a third attempt to recombine, controlling shareholder Shari Redstone had already decided the new company needed to get bigger. "We would want to look at something after that to ... develop more scale as we move forward,” Redstone said at The Information's Women in Tech, Media and Finance conference in June. To the audience of executives in the Times Square high rise overlooking the storied Paramount building, it was clear that her ambitions went well beyond the hard-won reunion of the two companies her father, Sumner Redstone, put together and then pulled apart 13 years ago during a very different era in media.

  • CBS and Viacom Reunite Just in Time for a Media Fight

    CBS and Viacom Reunite Just in Time for a Media Fight

    (Bloomberg Opinion) -- The road to a merger of CBS Corp. and Viacom Inc. was winding and treacherous, featuring boardroom clashes, legal battles and a MeToo moment. But on Tuesday, after years of friction and back-and-forth, the two Hollywood companies officially agreed to reunite. It’s about time.  CBS is buying Viacom in an all-stock deal that values the company at about $18.5 billion including debt, formalizing a plan their controlling shareholder, Shari Redstone, has long pursued. The terms involve CBS exchanging 0.59625 a share for each Viacom share, and the new entity will be called ViacomCBS. The transaction puts CBS, the broadcaster, and Showtime, a premium cable channel, back under the same roof as Viacom’s networks, such as MTV, BET, Nickelodeon and Comedy Central, as well as the Paramount Pictures movie studio. Fourteen years ago, these businesses formed a single company. The endless melodrama that’s revolved around CBS and Viacom ever since provides important context in understanding why they need each other now.Beginning in the late 1980s, Shari Redstone’s father, the movie-theater mogul Sumner Redstone, spent what would normally be one’s retirement years snapping up media assets. Then, in 2006, he split his conglomerate in two. The reasons were just as ego-driven as they were business-minded, giving each of his two favorite successor candidates a company to run: Les Moonves with CBS and Showtime on one side and Tom Freston with Viacom and Paramount on the other. An elated Moonves said the move would resolve an internal “schizophrenia,” but it spawned a corporate-sibling rivalry. It wasn’t long before Redstone fired Freston (bizarrely, for not taking over the website MySpace), and Philippe Dauman was chosen as the next Viacom CEO, the one who would oversee its vicissitudes of fortune.Redstone called Dauman “the wisest man I have ever known.” He would often say Moonves was a “super genius.” He was wrong on both accounts. Under Dauman, Viacom’s cable networks lost popularity, and the movie business suffered steep losses, greenlighting small films with unjustifiably big budgets. CBS was the stronger sibling, and Moonves was considered especially skilled at crafting its programming lineup. However, Moonves was accused of abusing his power, fostering a culture of sexism, harassment and intimidation. Dauman was ousted in 2016; the MeToo movement ushered Moonves out two years later.Since then, Viacom has been staging a turnaround under CEO Bob Bakish, who will remain in his role as chief of the combined entity, working to deliver on the annual $500 million of promised cost savings. Shari Redstone, who stepped into her father’s shoes some time ago, will be the new chair of the board. Joe Ianniello, Moonves’s former No. 2 and interim successor, has worked to get back into Redstone’s good graces after CBS’s suit last year to strip her of her voting power. He will stay on as chairman and CEO of the CBS business, reporting to Bakish. It’s not the juicy ending fans of HBO’s “Succession” — a TV series partly inspired by the Redstones and other media moguls — would want or expect from CBS and Viacom, but it’s the civilized outcome the companies need so they can fight to stay relevant in their industry. Bakish’s track record makes him a solid pick to lead that charge, or perhaps dress up the new entity for a sale. A roll-up-your-sleeves-type manager, he’s injected life back into Viacom after many investors thought it was too far gone. He’s reduced the debt that was once a serious strain on the business, and he’s invested in growth opportunities, such as the advertising-supported Pluto TV streaming service. Paramount Pictures is making money again.Still, the years of dysfunction did its damage, and CBS and Viacom’s rivals only got bigger. Walt Disney Co. purchased the 20th Century Fox studio and other assets from Rupert Murdoch for $85 billion this year. That deal came on the heels of AT&T Inc.’s $102 billion takeover of Time Warner, the parent of HBO.(1) Discovery Inc. now owns former Scripps properties such as HGTV. Netflix Inc., meanwhile, has grown its global subscriber base to more than 150 million. My column last week explained in more detail why CBS and Viacom would benefit from greater scale, which saves them money and provides greater ability to negotiate with pay-TV operators and devise a more tenable streaming strategy.A combined CBS-Viacom may even be a merger candidate for Discovery next. There are similarities: Like Viacom, Discovery focuses on unscripted programming — or reality TV — and it’s controlled by a billionaire, John Malone, who at 78 is thinking about how to tidy up his estate. As owners of the also-rans of the industry, it may be time for Redstone and Malone to work out a deal. Starz, the premium channel owned by Lions Gate Entertainment Corp., another Malone investment, is an option as well. Sumner Redstone turned 96 in May and was deemed incapacitated by a judge last year amid litigation involving his trust. He is said to communicate using iPad prompts, including one that curses on his behalf; only those closest to the ailing billionaire know what button he pressed when he heard about the merger. But in April 2008, when Redstone was still able to participate in earnings calls, he said this:I think that Les [Moonves]'s strategy will work for CBS, and I think that Philippe [Dauman]'s strategy will work for Viacom. It is not true that success between these two companies is mutually exclusive.The irony is that his misplaced faith in those managers is why CBS and Viacom’s fates are intertwined once again.(1) Transaction values include debt.To contact the author of this story: Tara Lachapelle at tlachapelle@bloomberg.netTo contact the editor responsible for this story: Daniel Niemi at dniemi1@bloomberg.netThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Tara Lachapelle is a Bloomberg Opinion columnist covering deals, Berkshire Hathaway Inc., media and telecommunications. She previously wrote an M&A column for Bloomberg News.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.

  • Thomson Reuters StreetEvents

    Edited Transcript of DISCA earnings conference call or presentation 6-Aug-19 12:30pm GMT

    Q2 2019 Discovery Inc Earnings Call

  • Discovery Communications Inc (DISCA) Q2 2019 Earnings Call Transcript
    Motley Fool

    Discovery Communications Inc (DISCA) Q2 2019 Earnings Call Transcript

    DISCA earnings call for the period ending June 30, 2019.

  • Discovery Earnings Rise as Pay-TV Subscriber Losses Stabilize
    Motley Fool

    Discovery Earnings Rise as Pay-TV Subscriber Losses Stabilize

    The content giant had some good news for investors in its second-quarter report.

  • Discovery (DISCA) Q2 Earnings Miss Estimates, Revenues Up Y/Y

    Discovery (DISCA) Q2 Earnings Miss Estimates, Revenues Up Y/Y

    Discovery's (DISCA) second-quarter 2019 results benefit from strong advertising and distribution revenues in the U.S. Network segment.

  • Benzinga

    Discovery Reports Q2 Earnings Miss

    Discovery Communications (NASDAQ: DISCA ) reported second-quarter earnings of 98 cents per share versus the analyst consensus estimate of $1.05. This is a 27.27% increase over earnings of 77 cents per ...

  • Discovery Communications (DISCA) Lags Q2 Earnings Estimates

    Discovery Communications (DISCA) Lags Q2 Earnings Estimates

    Discovery (DISCA) delivered earnings and revenue surprises of -1.01% and 0.09%, respectively, for the quarter ended June 2019. Do the numbers hold clues to what lies ahead for the stock?

  • PR Newswire

    Discovery, Inc. Reports Second Quarter 2019 Results

    SILVER SPRING, Md. , Aug. 6, 2019 /PRNewswire/ -- Discovery, Inc. ("Discovery" or the "Company") (NASDAQ: DISCA, DISCB, DISCK) today reported financial results for the quarter ended ...

  • Disney, Papa John’s earnings — What to know in markets Tuesday
    Yahoo Finance

    Disney, Papa John’s earnings — What to know in markets Tuesday

    Media behemoth Disney and pizza chain Papa John’s are both scheduled to release quarterly results after the market close Tuesday.